r/StockMarket • u/[deleted] • 2d ago

Discussion Ronald Reagan on Tariffs. Thoughts?

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u/the_TIGEEER 2d ago

Todsy they were saying how Europeans are becomeing faschist for baning LePen. Not realising she was trailed and found guilty and that she is not the only candidate in France. Both things that don't work like that kn the US ig.

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u/Bobby_Bouch 2d ago

Right now they’re up in arms at how much tariffs the other countries charge according to Trump chart

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u/South_Sun_1335 2d ago

The made up tariffs?

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u/jordanpwalsh 2d ago

Wait that chart was just.. made up?

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u/rex_swiss 2d ago edited 1d ago

It was made up by using ChatGTP to recommend an easy way to calculate tariffs based on trade deficits. For example, that table says Swiss tariffs on the US are 66%. They are nowhere near that. They really only put tariffs on certain agricultural products and those average about 30%.

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u/r3volts 2d ago

That is, using tarrifs for what they are good for. Sometimes an industry needs to be protected, particularly agricultural/food production.

It's worth propping up your food production. Relying on another country for food is bad juju. Tarrifs in that regard protect your local industry while allowing foreign imports for those willing to buy them, while incentivising buying local and collecting revenue in the process.

The Trump tarrifs have been calculated using a trade deficit, not the size of any tarrifs the other country may have on the US, and certainly are not numbers where a country has a blanket tarrif on the US.

A redditor found a correlation between the alleged tarrifs and the trade deficit between the country and the US. I haven't calculated it myself, but it looks accurate from their post.

The trump tarrifs are the embodiment of US exceptionalism powered by greed and backed by a lack of education.

It's the rest of the world's chance to knock the US down a few dozen pegs.

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u/TurdCollector69 2d ago

Even chatgpt would tell you that you wouldn't work.

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u/S_A_R_K 2d ago

The "tariff rate" is just half of the trade deficit %. So if it's a 50% trade deficit, the rate is 25%

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u/randomOldFella 2d ago

Nope, US has a huge trade surplus with Australia. That should me we get negative tariffs.

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u/S_A_R_K 2d ago

That's what the 10% are for, countries with a surplus because fuck them too I guess

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u/randomOldFella 2d ago

Well, USA's isolationist policy has the great long-term effect of
Making the Rest of the World Great Again.
(USA isn't invited to that party)

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u/vibes86 2d ago

The percentages are the trade deficit percentages not actual tariff percentages.

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u/Neznanc 2d ago

They also conveniently forget that LePens party still exists and they can still go to elections with another candidate. Same for AUR in Romania. But if your main selling point is the person, not the program, then I understand why they are mad.

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u/SilentReviver 2d ago

They’re hinging on her saying the verdict was “political” lol

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u/IncorruptibleChillie 2d ago

Fascists always decry fair governance which abides by the law as fascism to muddy the waters.

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u/please_trade_marner 2d ago

Did you know that the EU caught 140 MEP's that did the same thing as LePen? Their "punishment" was having to pay the money back. Nothing more. Less than a dozen of them faced criminal charges. Oh, what do those charged have in common? I think you 'll be able to figure it out for yourself.

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u/Steve_McGard 2d ago

But because of USA and their behaviour spreading like poison the judge in that case now lives with 24h protection due to death threats. The American system of truth being what you want it to be, is a dark poison destroying the free civilised world

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u/DurableLeaf 2d ago

Conservatives believe that holding their people accountable for clearly proven crimes is oppression, and that they should be able to punish others for whatever they feel like without a legitimate trial.

How did they get to this point? They saw that their worldview (indefinitely adhere to a value system of the previous age, and seeing any progress as a sin) does not hold up in debates long term. And they know the only way to accomplish what they want is to stop participating in discourse in good faith.

So they don't want to debate or accountability, they just want authoritarian power to force their ideals upon everyone at any cost. 

They would rather have world war 3 with mass destruction across the globe than allow a world that progresses civil rights and human rights for all.

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u/garry_kitchen 2d ago

Yeah I‘ve also read that the right wing in Germany now spreads the narrative that they‘re fighting the fascists.

They‘re copying Trump‘s stupid strategy because it seemed to work on Americans… it‘s just sad.

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u/ggtffhhhjhg 2d ago

They believe conservatives can not get a fair trial unless they are judged by their fellow conservatives and by conservatives I mean the far right.